How can you use the paper residency to get a second passport?
What exactly is paper residency and how can it make the process of getting your second citizenship easier?
Andrew explains the term ‘Paper residency’ and how it is different from immigration. He also talks about why it is equally important to work with an expert who is familiar with both terms.
Even though you can learn a lot through research, there are some aspects of obtaining a second citizenship that only a professional can clue you in on.
Here at Nomad Capitalist we often talk about obtaining a second passport and second residency from a perspective a lot of people don’t think about when they decide to go and live Nomad Capitalist lifestyle.
So what exactly can you do with paper residency? How will it benefit you in the long run?
It basically means going to a certain country, making a small investment there and getting the naturalization clock ticking.
This allows you more freedom to travel and invest your time in other interests, while at the same time working on your second passport.
Naturally, the laws and regulations vary from country to country, and Andrew explains that in the video, along with other useful details.
Want to know more about various second residencies? This video will be of interest to you:
Stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you’re treated best.
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
Work with Andrew: